As a CPA, I am all for having great accounting records, financial statements, and accounting software. That being said, I believe far too many business owners rush into buying accounting software they just don't need. Even to this date I do not use accounting software for our multiple businesses. There are certainly certain businesses that …

It is so exciting and invigorating to start a new business! You will instantly feel the urge to get out there and make it happen. There are so many things you feel you need to do now. Create a logo Make a website Print business cards Design flyers about your business Make your business social …

When you start a business cash flow can quickly bring about anxiety, then euphoria, then anxiety, then euphoria....you get the point. Cash flow can be tough to manage when you start a new business. I encourage taking the emotion out of the cash flow situation for the first year or two by being strategic. You …

Who cares about what you make, it's all about what you keep. It is far too common for business owners to focus on Gross Income vs. Net Income. This makes owners feel better when their Net Income is not good. It also pushes people into the mindset of focusing on making that next sale or …

When you start a business you must decide what type of entity you will be at first. You have many options and they can be overwhelming. I am going to make it very simple for you. Most business owners start with the question of whether they should be an LLC, or not. There is a …

Starting a business can be exciting and fun but it can also be very intimidating and scary. Mostly, this comes down to the financial risk involved. When you start a new business you are usually starting from ground zero financially. You may not see income for weeks or months to come. This can lead to …

I Won the Lottery! Isn't that one thing we would all love to scream? If you haven't dreamed about winning the lottery then chances are you have heard someone tell you their dream on what they would do with the money. It's a great fantasy of many to think about what they would do if …

What do you do if you feel as if you just can't get ahead financially? This is a really tough place to be in life. From my experience I bet you are working hard and possibly working more than one job. But, you just keep feeling like you can't make traction in your life financially. …

What is your time worth? When it comes to investing your time to produce passive income you will find that if you set things up correctly the financial rewards can be exponential. That is, if you invest your time correctly as you build things that will produce truly passive income later. As you explore passive …

Your net worth is the quickest and easiest way to tell you if you improving financially. Your net worth is what you have after subtracting your liabilities (debts) from your assets. There is really only one way you can increase your financial net worth. Most people would think that if you paid off debt you …